Egypt's EGX announces new rules for temporary trading suspension limit
The trading will be suspended until the end of the trading session, if the index goes up or down by 20%
The Egyptian Exchange bell is seen at the stock exchange in Cairo, March 12, 2015.
REUTERS/Mohamed Abd El Ghany
By Staff Writer, Mubasher
Cairo – The Egyptian Exchange (EGX) announced new rules under which trading will be temporarily halted when the EGX100 EWI moves up or down by 10% within the day’s trading session, compared to a previous limit of 5%.
The trading will be suspended until the end of the trading session, if the index goes up or down by 20%, compared to a prior limit of 10%, the EGX said in a statement on Wednesday.
These rules are amended in coordination with the Financial Regulatory Authority (FRA).
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